AXELL Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	4,170	5,000	8,316	9,509	9,097
Short-Term Investments	1,500	1,600	1,500	1,200	-
Cash & Short-Term Investments	5,670	6,600	9,816	10,709	9,097
Cash Growth	-14.09%	-32.76%	-8.34%	17.72%	14.96%
Accounts Receivable	1,684	1,488	1,107	1,243	1,039
Receivables	1,684	1,488	1,107	1,243	1,039
Inventory	4,862	3,911	2,438	736	771
Other Current Assets	588	412	227	110	103
Total Current Assets	12,804	12,411	13,588	12,798	11,010
Property, Plant & Equipment	186	191	174	133	105
Long-Term Investments	2,982	2,343	1,716	880	1,019
Goodwill	-	-	5	17	29
Other Intangible Assets	17	29	33	26	24
Long-Term Deferred Tax Assets	118	67	56	28	85
Other Long-Term Assets	2	1	2	1	2
Total Assets	16,109	15,042	15,574	13,883	12,274
Accounts Payable	1,195	1,571	1,387	1,372	1,094
Current Income Taxes Payable	574	76	624	387	245
Other Current Liabilities	565	337	630	386	266
Total Current Liabilities	2,334	1,984	2,641	2,145	1,605
Other Long-Term Liabilities	45	44	44	45	41
Total Liabilities	2,379	2,028	2,685	2,190	1,646
Common Stock	1,028	1,028	1,028	1,028	1,028
Additional Paid-In Capital	991	987	969	896	882
Retained Earnings	11,451	10,714	10,621	9,698	8,777
Treasury Stock	-391	-195	-217	-258	-301
Comprehensive Income & Other	521	372	387	252	193
Total Common Equity	13,600	12,906	12,788	11,616	10,579
Minority Interest	130	108	101	77	49
Shareholders' Equity	13,730	13,014	12,889	11,693	10,628
Total Liabilities & Equity	16,109	15,042	15,574	13,883	12,274
Net Cash (Debt)	5,670	6,600	9,816	10,709	9,097
Net Cash Growth	-14.09%	-32.76%	-8.34%	17.72%	14.96%
Net Cash Per Share	523.67	600.93	894.69	984.04	841.23
Filing Date Shares Outstanding	10.77	10.96	10.94	10.88	10.83
Total Common Shares Outstanding	10.77	10.96	10.94	10.88	10.83
Working Capital	10,470	10,427	10,947	10,653	9,405
Book Value Per Share	1262.64	1177.10	1169.43	1067.35	976.97
Tangible Book Value	13,583	12,877	12,750	11,573	10,526
Tangible Book Value Per Share	1261.06	1174.46	1165.95	1063.39	972.07
Order Backlog	-	11,256	14,810	24,673	13,063

Source: S&P Global Market Intelligence. Standard template. Financial Sources.